21st Century – An Outlook
Around the world, political, economic and social turmoil take their toll on companies and their HR professionals. For example, the events of 9/11 were referred to repeatedly by survey respondents. As one African representative noted, “The events of 9/11 have increased the risk of travel throughout the world and have also raised diversity issues to the forefront.” A European representative noted the slowdown in the world economy that stemmed from 9/11 and the resulting impact on personnel.
Wars and invasions disrupt operations. Health issues, from AIDS in Africa to the SARS epidemic in Asia to the cost of benefits in North America, are also a frequent concern. Issues overlap. As one European respondent commented, “The increasing threat in terrorism has meant that some governments have switched funding from healthcare to defense.”
Other referenced issues include globalization and currency devaluations, with ripple effects across economies,......
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